Build On Existing Platforms
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A discussion about leveraging existing platforms instead of building new apps, using HQ Trivia's failure as a case study.
Key Platform Strategy Insights
- Build on existing platforms (Twitch/YouTube) rather than creating new apps
- Eliminates need to build own tech infrastructure
- Avoids expensive user acquisition costs
- Leverages existing audience base
HQ Trivia Lessons
- Failed due to:
- Building their own app platform
- Creating too much initial hype
- Death spiral from not meeting high expectations
- Running out of time to diversify games
Business Model Opportunities
-
Educational Content
- After-school learning programs
- $3/week subscription model for parents
- Interactive trivia format with engaging hosts
- Modern version of educational games like Brain Quest
- Benefits:
- Parents willing to pay for educational content
- Don't need massive user base due to subscription model
- Aligns with existing screen time habits
-
Live Streaming Shows
- Transform traditional TV formats into mobile experiences
- Examples:
- QVC-style shopping
- Auction shows
- Antiques Roadshow format
- Focus on making existing platforms more lightweight and mobile-focused
Revenue Considerations
- Subscription model preferred over advertising
- Don't need tens of millions of users
- Parents willing to pay for quality educational content
- Focus on creating value that justifies recurring payments
23:00 - 23:30
Full video: 51:58SP
Shaan Puri
Host of MFM
Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.